ServiceNow stock is the new Best Idea for 2025 at TD Cowen

Investing.com12-10

Investing.com -- ServiceNow (NYSE:NOW) has been named a Best Idea for 2025 by TD Cowen in a note Tuesday, with the bank citing its promising position in the generative AI (GenAI) product cycle. ...

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We think NOW has one of the best approaches to GenAI monetization across the SaaS layer,\" wrote the bank.\nThey explain that its innovative GenAI product, Pro+, has delivered incremental spending and adoption within its first year. \nNew data solutions, Workflow Data Fabric and RaptorDB Pro, set for release in early 2025, are expected to further enhance ServiceNow's capabilities in building \"Agentic AI Networks.\" \nThese networks aim to power autonomous workflows across enterprise systems.\nServiceNow's strategy leverages domain-specific language models over general foundation LLMs, ensuring cost-efficient and high-accuracy performance. \nTD Cowen says the hybrid pricing model, combining subscription and consumption-based fees, further supports this approach.\nLooking ahead, TD Cowen projects a 30% uplift in annual contract value (ACV) driven by Pro+ adoption, with mid-30% revenue growth in the front-office segment, potentially reaching $2.5 billion by FY26. \nAdditionally, increased sales capacity and growing partnerships for Pro+ are expected to contribute significantly to the company's momentum.\nDespite a 60% rise in its stock this year, TD Cowen believes ServiceNow's best-in-class \"Rule of 40\" performance, at 52%, justifies its premium valuation, making it a top pick for 2025.\nRelated Articles\nServiceNow stock is the new Best Idea for 2025 at TD Cowen\nTeamViewer drops 12% on deal to buy 1E from Carlyle for $720M\nuniQure shares surge on FDA accelerated approval pathway accord","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490019532"}